6 7. 8 9 10. On July 9, Big Corporation purchased advertising materials on account from Grand Office Supplies for $3,500. Both Supplies and Accounts Payable would increase by $3,500. On July 13, Big Corporation shipped $240,000 of products to Big Retailing Ltd. A bill is sent to Big Retailing Ltd. for these services. Accounts Receivable is increased indicating an increase in the amount owed by Big Retailing Ltd. to Big Corporation. Product Revenue is increased (increasing Retained Earnings and consequently Shareholders' Equity). On July 19, Big Corporation received a $10,000 cash advance from Knight Distributor, a client, for a special manufacturing order that is not expected to be completed until September. Both Cash and Unearned Revenue, a liability, would increase by $10,000. On July 22, Big Corporation makes a partial payment of $2,000 owing to Grand Office Supplies (see transaction 6). Both Cash and Accounts Payable, would decrease by $2,000. Employees have worked two weeks, earning $34,000 in salary, which was paid on July 23. Cash would decrease and Salaries Expense would increase (decreasing Retained Earnings).